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Boydak Holding invests TRY 50 mn in textile sector

06
May '10
As per the CEO of Boydak Holding, Memduh Boydak, the company this year will make an investment of about TRY 50 million in the textile sector.

Last year, the holding company generated a revenue of TRY 3.6 billion with its total profits touching TRY 319.9 million, said Haci Boydak, Chairman, Boydak Holding.

Mroe so, Boydak also stated that, the company over the next two years will also invest US $1 billion in renewable energy.

Continues Boydak that, the company will supply 40 percent of this amount from its own internal accurals. It has already staked bids for seven power projects that will be auctioned by the authorities.

More so, the company generated export revenue of $406 million in the period under consideration. This year, the holding company has a revenue target of TRY 4 billion, an increase of 11 percent year-on-year. Also, the company intends on appointing 500 additional employees.

Fibre2Fashion News Desk - India


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